Under Armour, Inc. (NYSE:UAA) Receives Average Recommendation of "Hold" from Analysts

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have earned an average recommendation of "Hold" from the twenty-one analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.22.

UAA has been the subject of several research reports. Morgan Stanley reiterated an "underweight" rating and set a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. UBS Group reduced their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a report on Friday, December 13th. TD Cowen increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Finally, Robert W. Baird upped their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, November 8th.

Under Armour Price Performance

Under Armour stock traded down $0.29 during trading on Tuesday, reaching $8.37. The company had a trading volume of 8,949,599 shares, compared to its average volume of 8,926,346. The firm has a market capitalization of $3.62 billion, a PE ratio of -278.84 and a beta of 1.70. The firm's 50-day simple moving average is $8.83 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. CWM LLC grew its stake in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company's stock worth $123,000 after acquiring an additional 1,409 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock valued at $167,000 after acquiring an additional 1,419 shares during the last quarter. Optas LLC increased its holdings in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company's stock valued at $236,000 after acquiring an additional 1,484 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company's stock worth $203,000 after acquiring an additional 1,485 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.